Have you ever considered how you and your family would cope financially if you suffered an illness or an accident? For most of us, our income is our most important asset; it pays your mortgage, car insurance, ESB, food bills etc. How would you cope if this income suddenly came to an end? State benefits are very limited and if you are self employed you are not entitled to state benefits at all.
Income Protection provides you with an efficient and cost effective method of insuring your income. There are a range of options and cover types to choose, we will assist you in creating a plan to fit your needs.
You can insure up to a maximum of 75% of your gross salary (less single social welfare, if you are so entitled). The insured income would commence after a deferred period, (options are 13, 26 or 52 weeks) and would continue until you are able to return to work again or up to a selected ceasing age, (options are 55, 60 or 65 years). While you are in the course of claiming your weekly income premiums are not payable. When you go back to work again the policy goes back into place and be claimed on again in the future if required. Income Protection premiums attract tax relief at your marginal tax rate.
Income Protection Cover will protect your lifestyle.
